Colleges being investigated? Dept. of Ed monitoring 500 over federal funds
Could more than 500 schools in the U.S. be among colleges being investigated? According to Insidehighered.com, the United States Department of Education is “closely monitoring a greater number of colleges and universities over concerns about their management of federal funds…”
What are the colleges being investigated?
Many of the schools on the list of potential colleges being investigated are “for-profit beauty and cosmetology schools.” These types of institutions have come under increased fire for their collection of federal funds to allow students to enroll. But many students at some for-profit schools have complained that their degrees are worthless and that they are left saddled with piles of student loan debt and no gainful employment to show for it. That, to me, is certainly cause for colleges under investigation by the U.S. Department of Education.
Other for-profit schools listed include ITT Technical Institute, The Art Institutes, and South University.
For-profit schools aren’t languishing alone on this list, though. Cheyney University, a Historically Black College and University (HBCU), was placed on the department’s “most stringent form of monitoring over concerns with the institution’s ‘administrative capability.’”
Cheyney has faced financial trouble as of late due to a rise in deficits, a decrease in enrollment and a campus that is basically falling apart. That institutional erosion is due in part to moves made by Cheyney’s administration.
Students at any institution on the list of colleges being investigated may want to monitor progress of the list as schools are removed or added periodically. This shows that the Department of Education is serious about ensuring that the education of students at these types of schools isn’t wasted on loans and empty job guarantees. It’s important that predatory institutions that do not implement the proper job placement and degree-use policies are called out, and if necessary, shut down.